This excerpt taken from the C 8-K filed Jun 3, 2009.
Contribution Agreement”). Among other things, the Amended Contribution Agreement amends the Contribution Agreement to provide for an “introducing broker” structure for a period of time after the closing of the combination. The Amended Contribution Agreement also provides that, subject to the receipt of necessary governmental and third-party approvals, Citi will transfer its managed futures business, which was not part of the original transaction, to MSSB Holdings, and Morgan Stanley will pay Citi $214.2 million in connection with this additional transfer. The parties expect to close this additional transfer in the near future. The foregoing description of the Amended Contribution Agreement is qualified in its entirety by the complete text of the Amended Contribution Agreement, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference in its entirety.
Also on May 31, 2009, Citi and Morgan Stanley entered into the Amended and Restated Limited Liability Company Agreement of MSSB Holdings (the “
This excerpt taken from the C 8-K filed Jan 16, 2009.
Contribution Agreement”). Pursuant to the Contribution Agreement, Citi will contribute its retail brokerage and futures business operated under the name Smith Barney in the United States and Australia and under the name Quilter in the United Kingdom into a newly formed joint venture entity, to be a Delaware limited liability company (the “